{"id":65971,"date":"2019-12-12T05:41:22","date_gmt":"2019-12-11T18:41:22","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/ballarat\/?p=65971"},"modified":"2019-12-11T13:47:55","modified_gmt":"2019-12-11T02:47:55","slug":"new-home-sales-steady","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/ballarat\/real-estate\/new-home-sales-steady\/","title":{"rendered":"New Home Sales Steady"},"content":{"rendered":"

Housing Industry Association numbers show home builds hold after recent volatility. <\/strong><\/p>\n

The most recent HIA New Home Sales report, a monthly survey of the largest volume home builders in the five largest states, is a leading indicator of future trends in the residential building industry.<\/p>\n

\u201cNew Home Sales and Housing Finance data indicate that the housing market has stabilised over the past six months,\u201d said HIA economist Angela Lillicrap.<\/p>\n

\u201cNew home sales remained steady in the three months to October compared to the previous three months and are now only 3.1 per cent lower than this time last year when the market began to cool.<\/p>\n

\u201cAt this time last year, the market for new homes was cooling rapidly. Sales have now returned to levels similar to this time last year.<\/p>\n

With other indicators like the Australian Bureau of Statistics housing finance data also suggesting stabilisation in the market, Ms Lillicrap said it appears the bottom of this cycle occurred in April this year, with signs of improvement since then.<\/p>\n

\u201cThere are no indications that new home sales are returning to the levels experienced in the boom years of 2015 to 2017,\u201d she said. \u201cBut the improvement over the past six months suggests that this downturn will not be deep, in comparison to previous cycles.<\/p>\n

\u201cWider economic conditions remain positive, just not as buoyant as the market has come to expect.<\/p>\n

\u201cExports are continuing to exceed all forecasts, unemployment remains stable and the number of people participating in the labour market has been growing which is an indicator of a healthy labour market.\u201d<\/p>\n

Across the country, new home sales were relatively flat in Western Australia with no growth, Victoria went backwards at -1.2 per cent, as did South Australia showing -1.0 per cent decline compared to the previous three-month period.<\/p>\n

Queensland increased by 5.7 per cent while New South Wales down by 4.9 per cent since October 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Housing Industry Association numbers show home builds hold after recent volatility. The most recent HIA New Home Sales report, a monthly survey of the largest volume home builders in the five largest states, is a leading indicator of future trends in the residential building industry. \u201cNew Home Sales and Housing Finance data indicate that the […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":129,"featured_media":65972,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-65971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nNew Home Sales Steady - Ballarat Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/ballarat\/real-estate\/new-home-sales-steady\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Home Sales Steady - Ballarat Times\" \/>\n<meta property=\"og:description\" content=\"Housing Industry Association numbers show home builds hold after recent volatility. The most recent HIA New Home Sales report, a monthly survey of the largest volume home builders in the five largest states, is a leading indicator of future trends in the residential building industry. \u201cNew Home Sales and Housing Finance data indicate that the [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/ballarat\/real-estate\/new-home-sales-steady\/\" \/>\n<meta property=\"og:site_name\" content=\"Ballarat Times\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-11T18:41:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/9\/2019\/12\/20191209_105851-for-web-e1576032432855.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Ballarat Times\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Ballarat Times\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/\"},\"author\":{\"name\":\"The Ballarat Times\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/#\\\/schema\\\/person\\\/4301f908d92f821f2752c965ef566687\"},\"headline\":\"New Home Sales Steady\",\"datePublished\":\"2019-12-11T18:41:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/\"},\"wordCount\":315,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/9\\\/2019\\\/12\\\/20191209_105851-for-web-e1576032432855.jpg\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/\",\"name\":\"New Home Sales Steady - Ballarat Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/9\\\/2019\\\/12\\\/20191209_105851-for-web-e1576032432855.jpg\",\"datePublished\":\"2019-12-11T18:41:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/new-home-sales-steady\\\/#primaryimage\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/9\\\/2019\\\/12\\\/20191209_105851-for-web-e1576032432855.jpg\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/9\\\/2019\\\/12\\\/20191209_105851-for-web-e1576032432855.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Sales numbers for new homes have levelled off after a low point in April this year. 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